Investment in Americo Chemical Products

Investment in Americo Chemical Products

Barings Supports Harbour Group's Investment in Americo Chemical Products

Barings, one of the world's leading investment managers, announced today that it served as lead arranger and administrative agent for a senior secured facility to support Harbour Group's investment in Americo Chemical Products, Inc. ("Americo"). Financial terms of the transaction were not disclosed. Founded in 1989 and headquartered in the United States, Americo is a leading provider of innovative chemical solutions for industries requiring surface treatment of metals and other substrates. Its solutions include chemicals for metal purification, wastewater treatment and other specialized applications. Jeff Fox, President and Chief Executive Officer of Harbour Group, said, "We are excited to welcome Americo to Harbour Group. Americo, focused on delivering uniquely formulated solutions to meet customers' specialized needs, helps its customers solve challenging pretreatment problems and improve operational performance. With its partnership with Harbour Group, Americo will be in an even stronger position to scale in its existing markets while focusing on expanding its product offerings and end-market applications." Patrick Hartman, Managing Director of Barings' North America Global Specialty Finance Group, said, "Barings views the opportunity to support Harbour Group's investment in Americo as highly attractive. We remain committed to investing in high-quality businesses managed by innovative management teams and supported by top-tier financial sponsors," he added. "Americo's management team has built a high-touch customer service business model that differentiates the company by delivering customized solutions and formulations that result in superior, longer-lasting products for customers and their end-users. Harbour Group's specialized resources and operational excellence track record will help enhance and accelerate Americo's growth trajectory." Source